Burgeoning Mexican Hotel REIT Eyes $388M Deals Pipeline

Law360, New York (October 25, 2013, 5:21 PM EDT) -- Fibra Hotelera Mexicana SA de CV, a Mexican real estate investment trust focused on business-class hotels, revealed Thursday that is has more than doubled its portfolio size since last year and plans to deploy another 5 billion pesos ($388.4 million) into its pipeline over the coming year.

With a portfolio of 42 hotels, up from about 17 last year, the REIT has its eyes on maintaining its rapid growth rate and about 2.5 billion pesos have already been tentatively committed to specific development and acquisition projects...